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C150324 approval ltr
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C150324 approval ltr
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Last modified
12/3/2014 4:27:52 PM
Creation date
10/7/2011 12:33:33 PM
Metadata
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Template:
Loan Projects
Contract/PO #
C150324
CT2015-037
Contractor Name
Tri-County Water Conservancy District
Contract Type
Loan
Water District
68
County
Montrose
Ouray
Delta
Loan Projects - Doc Type
Approval Letter
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CWCB Cvustruction Loan Pragram <br />Project Data Sheet <br />Borrower: Tri-County Water Cvnservancy District Coanty: Ouray, Montrose, Delta <br />Praject Name: Ridgway Reservoir Micro-Hydro <br />Drainage Basins Gunnisan, District 68 <br />Total Project Cost: $18,1'72,400 <br />Type of BQrrower: Hydraelectric <br />Loan Amoant: $9,090,000 �Tncluding 1 % fee) <br />Prnject Type: Hydroelectric <br />VE'ater Souree: Uncompahgre River <br />Funding Saurces: Construction Fund, <br />CVVRPDA, GEO <br />Avg. Diversiou: 35,000 AF {$4,410 AF of <br />reservoir storage} <br />In�terest Rate: 2.Q0% Term: 3Q years <br />The Tri-Counry Water Conservancy District (District) is requesting a CWCB laan foz the <br />cor�truction af a 7MW hydroelectric power generating fac�lity at Ridgway Reservo�r. The project <br />will be perrnitted through the "Lease of Power Purcl�ase" process with the Bweau of Reelamation <br />(Bureau), allawing the incorparatian of a hydropower facility into the existing outlet works of <br />Ridgway Dam. The ciam, eonstructed by the Bureau as part of the Dallas Creek Project, began <br />staring waters of the Unco�npahgre Basin in 1987. The District projects that tlae facility will <br />produce an annual average of 22,640 MWh, which will be sold to the San Miguet Power <br />Association/Tri-State Generation and Transmission arrd the City of Aspen/Municipal Energy <br />Agency of Nebraska tb:rough a Power Purchase t�greement. Construction is scheciuied to begin in <br />#he spring of 2012 and take approximately 2 yeaxs to complete, with energy productian expected <br />by spring 2014. <br />
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